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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 680.28-0.5%4:00 PM EST

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To: pater tenebrarum who wrote (37962)1/25/2000 9:53:00 AM
From: Les H  Read Replies (2) of 99985
 
"Cautiously Bearish", haven't heard of this term before?

Liquidity Trim Tabs Summary
January 24, 2000

Bottom Line: We Turn Cautiously Bearish. The Next Downturn Will Be Severe.

Headline:

On Surface, Liquidity Looks Good. However, Insider Selling & New Offerings Ramping.
Only at a Top: Stock Takeovers $150 Billion, Cash Takeovers $2.3 Billion Past Fortnight.

Subheads:

Reported Insider #144 Sales No More Than 1/4 to 1/3 Total Insider Sales.
Year End Repos Stop Unwinding & Grow Again. Ultra Equity Leverage?
Equity Fund Inflows Surge, Up 72% From Early 1999 Pace. Retail Money Flows Down.

More detailed writeup at:

trimtabs.com
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